Bank of China Ltd - China's fourth-largest State-owned commercial lender by assets - is exploring smarter ways to allocate financial resources, improve efficiency and control risks by using artificial intelligence and big data technologies.
The recent news that several State-owned coal, electricity and investment companies from Shanxi and Jiangsu provinces will establish a joint venture has drawn wide attention and applause from China's coal-fired electric power community.
BEIJING - After decades of rapid growth, China is shifting its economic focus to high-quality development, with "developing a modernized economy" high on the agenda. Now an economic catchphrase, the idea provides a blueprint for the world's second-largest economy during the next five years and beyond.
The Hong Kong Stock Exchange broke out of its downward trend with the benchmark Hang Seng Index gaining 0.42 percent on Thursday, ending a five-day losing run. Analysts said the market's growth momentum will ease in 2018, with the index remaining volatile in the first half of the year.
BEIJING - Share prices on the Chinese mainland markets ended lower to post a third consecutive session of losses on Thursday, with the benchmark Shanghai index hitting a six-month low, even as data showed the country's trade performance in January exceeded expectations.
Canyon Bridge Capital Partners LLC, a Chinese-backed private equity fund known for being blocked by the Trump administration from buying a US chipmaker, has shifted its attention to Europe and is set to complete a new investment in a major European technology company in the coming months.
Hisense Group has become the fastest-growing Chinese electronics and home appliance brand, ranking No 9 on the BrandZ Top 50 Chinese Global Brand Builders 2018 report, as it expands rapidly in overseas markets, with rising global influence and brand awareness.
Chinese telecommunication giant Huawei will spend 3 billion pounds ($4.2 billion) on British technology and services during the next five years, the company has announced.
He Xiangjian, founder and chairman of Foshan, Guangdong province-based home appliance-maker Midea Group, topped a list of the 100 biggest individual donors in the country last year with contributions totaling 6.79 billion yuan ($1.08 billion), according to a report released this week by the China Philanthropy Research Institute at Beijing Normal University.
Online shopping giant JD is putting more efforts into carton recycling and promoting the use of sustainable, greener packaging materials through its Green Stream Initiative, as part of the commitment to run its business more sustainably.
Chinese online retailers are ramping up their efforts in intelligent logistics operations by using drones, robotics and driverless vehicles for parcel delivery, aiming to bring down costs and transform the logistics industry.
With Spring Festival just days away, tens of millions of Chinese and their pets will travel back to their hometowns for family reunions, creating a travel crush that is dubbed the world's largest annual human migration.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
